Bill Status of HB5435  102nd General Assembly


Short Description:  PROP TX-MANUFACTURING ZONES

House Sponsors
Rep. Deanne M. Mazzochi

Last Action
DateChamber Action
  1/31/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/Art. 10 Div. 21 heading new
35 ILCS 200/10-765 new
35 ILCS 200/10-770 new
35 ILCS 200/10-775 new


Synopsis As Introduced
Amends the Property Tax Code. Provides that municipalities and counties may establish manufacturing zones. Provides that, with respect to property that is owned or controlled by the owner or operator of a manufacturing facility that is located within a manufacturing zone, the assessed valuation of any capital investment in the property made by the owner or operator for the purpose of carrying out a manufacturing process for any taxable year in which the manufacturing zone is in effect shall be $0. Effective immediately.

Actions 
DateChamber Action
  1/28/2022HouseFiled with the Clerk by Rep. Deanne M. Mazzochi
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee